Barclays Cuts Corporación Inmobiliaria Vesta (NYSE:VTMX) Price Target to $35.00

Corporación Inmobiliaria Vesta (NYSE:VTMX) had its target price cut by investment analysts at Barclays from $38.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 45.95% from the stock’s previous close.

Separately, The Goldman Sachs Group reduced their price objective on shares of Corporación Inmobiliaria Vesta from $42.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, October 7th.

Corporación Inmobiliaria Vesta Trading Down 3.0 %

Shares of VTMX stock opened at $23.98 on Wednesday. Corporación Inmobiliaria Vesta has a 1 year low of $23.65 and a 1 year high of $41.44. The firm has a market capitalization of $20.72 billion, a PE ratio of 5.43 and a beta of 1.37. The stock has a fifty day moving average of $26.12 and a two-hundred day moving average of $29.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 4.59 and a current ratio of 4.59.

Hedge Funds Weigh In On Corporación Inmobiliaria Vesta

An institutional investor recently raised its position in Corporación Inmobiliaria Vesta stock. Rhumbline Advisers boosted its holdings in shares of Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE:VTMX) by 54.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,610 shares of the company’s stock after purchasing an additional 1,270 shares during the period. Rhumbline Advisers’ holdings in Corporación Inmobiliaria Vesta were worth $108,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Corporación Inmobiliaria Vesta Company Profile

Corporación Inmobiliaria Vesta, SAB. de C.V., together with its subsidiaries, acquires, develops, manages, operates, and leases industrial buildings and distribution facilities in Mexico. The company was incorporated in 1998 and is headquartered in Mexico City, Mexico.